RESIDENTIAL
A total 15,329 housing units were put into use in the country in the first quarter of 2023, down 3.6% y-o-y, the National Institute of Statistics (INS) data showed. A total of 9,429 units were delivered in the urban region (up 2.8%), while the number of dwellings delivered in the rural area was 5,900 (down 12.4%).
RETAIL
A volume of 320,000 square meters of retail space is expected to be delivered by end-2023 in Romania, both in the main regional centers and in secondary cities, of which no less than 74% of areas under construction are retail parks and 26% are intended for large shopping centers, according to the latest report “Romania Retail Market Snapshot” by CBRE. The fashion industry continues to represent, along with the food sector, the main development engine of retail spaces, the most active tenants being from these sectors.
CONSTRUCTION
Net investments in Romania’s economy stood at RON30 billion in the first quarter of 2023, up 13.6% y-o-y, with more than half (60.9%) being represented by new construction works, according to the National Institute of Statistics (INS) data.